MED gets a mention

From tonights newsletter by Nick Kelso ,

MED - Merlin Diamonds Limited today closed up 17% to finish at 2.1c on $745k stock traded. There is no news in the market today but they may well be running on the back of the recent success we have seen in the Mustang share price that many of you would be aware of. (MUS.asx)

They may also be running on the fact that the company is preparing a 1 for 2 rights issue at 1.3c with a 1 for 2 option attached at an ex price of 1.3c also.  

They may also be running up on the fact that they recently recovered a number of rough diamonds from operations at the Merlin diamond mine including a 35.26 carat brown diamond (which is the fifth largest diamond discovered in Australia), a 14.6 carat brown diamond as well as a number of smaller white diamonds.

The Merlin diamond mine is known for its high quality large super white diamonds and Australia’s largest diamond ever found and the recoveries of the diamonds noted above continues to demonstrate the potential for large diamonds.

They might also be running up on the back of a research report that was done by the boys and girsl at Everblu capital that was released just before Christmas, take your pick !!!

I have met management of the company before and would like to congratulate Mordi and his team for the recent share price rally and let's hope it can continue !!!